San Francisco House Sale Shows Mission District’s Desirability

A 5,542-square-foot home in San Francisco’s Mission District has sold for $9,999,000, according to public records. The price could be a record for the increasingly trendy neighborhood, based on a search of the San Francisco Multiple Listing Service’s records for the last 30 years.

“The price is breaking new ground,” says real estate agent Dennis Otto of Pacific Union International, who was not involved in the deal. “It speaks to the desirability of the location.” The location in recent years has gone from being the grittier side of San Francisco to one that is now a favorite with the young tech crowd, as it offers easy access to the freeway connecting the city and Silicon Valley as well as to an ever growing number of artisanal chocolate shops and hipster coffee outlets.

The two-story house was built in 1928 and sits on a 9,800-square-foot lot with 70 feet of sidewalk frontage in the Mission District zip code, according to city records. It is on the edge of the Mission District and Dolores Heights (the San Francisco Association of Realtors map describes the location as Dolores Heights) and has 14 rooms including four bedrooms, according to public records. The buyer is SFRP LLC. The seller was Cary S. Collins, according to public records.

The house sold in November. Permits to remodel the kitchen and six bathrooms at a cost of $65,000 were issued in January, according to the San Francisco Department of Building Inspection public records.

“The price isn’t surprising given the desire of the young tech world to make Dolores Park their epicenter,” says Annie Williams, a real estate agent with Hill and Co. in San Francisco (Ms. Williams was not involved in the deal). Ms. Williams recently sold a home nearby and says she received 11 offers over the asking price within five days of listing the property. “All the buyers were in tech and wanted to be near the shuttle buses for GoogleFacebook and Apple.” She notes they also wanted to be near “gourmet gulch,” meaning the restaurants, delis and high-end grocery stores in the area.